Systems and methods for establishing a pull payment relationship

US11468414B1 · kind B1 · utility

Assignee

• Wells Fargo Bank, N.A. · US

Inventors

• Daniel David · Charlotte, US
• Jonathan Hartsell · Mooresville, US
• Heath Kamp · Banner Elk, US
• Sarah W. Phelps · Annapolis, US
• Philip Sprague · Matthews, US
• Christina Zikeli · Charlotte, US

Key dates

• Filing date: Oct 3, 2016
• Grant date: Oct 11, 2022
• Expiry date: Dec 14, 2038

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q20/3278
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

Systems, methods, and apparatuses for establishing a pull payment relationship are disclosed herein. A method performed by a financial institution computing system includes registering a payee for a pull payment service; registering a payor for the pull payment service; receiving an indication of a contact or a near contact event occurring between a user device associated with the payee and a user device associated with the payor; establishing a pull payment relationship between the payee and the payor responsive to receiving the indication; and fulfilling a payment request from the payee based on the established pull payment relationship.